Niraj Cement Structurals Limited — Important, 25-12-2024: Updates

Niraj Cement Structurals Limited has approved the allotment of 30,83,000 fully paid equity shares at a price of Rs. 53 each, including a premium of Rs. 43, through a preferential issue to non-promoter group investors. This decision was taken via a circular resolution on December 25, 2024, following earlier approvals for this issuance. The total amount raised from this allotment is approximately Rs. 16.34 crore. Post-allotment, the company’s paid-up share capital will increase to Rs. 43.24 crore from Rs. 40.16 crore. This capital infusion could enhance the company’s liquidity position and support its future growth initiatives. Investors may view this positively as the funding strengthens the balance sheet.